BEIJING (AP) _ Xinyuan Real Estate Co. (XIN) on Friday reported fourth-quarter profit of $71.1 million.
The Beijing-based company said it had profit of $1.15 per share. Earnings, adjusted to extinguish debt, came to $1.42 per share.
The real estate company posted revenue of $1.08 billion in the period.
For the year, the company reported profit of $74 million, or $1.15 per share. Revenue was reported as $2.21 billion.
The company's shares closed at $4.87. A year ago, they were trading at $6.41.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XIN at https://www.zacks.com/ap/XIN